Insider Selling: Avery Dennison Corp (NYSE:AVY) VP Sells 2,725 Shares of Stock
Avery Dennison Corp (NYSE:AVY) VP Lori J. Bondar sold 2,725 shares of Avery Dennison stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $113.27, for a total transaction of $308,660.75. Following the completion of the transaction, the vice president now owns 18,041 shares of the company’s stock, valued at approximately $2,043,504.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Avery Dennison stock traded down $0.44 during mid-day trading on Wednesday, hitting $111.83. 397,566 shares of the company traded hands, compared to its average volume of 638,181. Avery Dennison Corp has a one year low of $82.89 and a one year high of $117.00. The firm has a market cap of $9.42 billion, a PE ratio of 18.45, a PEG ratio of 2.07 and a beta of 1.32. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.14 and a quick ratio of 0.80.
Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Avery Dennison had a net margin of 2.74% and a return on equity of 53.28%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business posted $1.44 earnings per share. Avery Dennison’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, research analysts anticipate that Avery Dennison Corp will post 6.55 earnings per share for the current year.
Several equities analysts have recently weighed in on AVY shares. JPMorgan Chase & Co. downgraded shares of Avery Dennison from an “overweight” rating to a “neutral” rating and set a $105.00 target price for the company. in a research note on Friday, March 15th. They noted that the move was a valuation call. KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a research note on Wednesday, April 24th. Loop Capital downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $118.00.
A number of institutional investors have recently made changes to their positions in AVY. Vanguard Group Inc lifted its position in Avery Dennison by 0.5% during the third quarter. Vanguard Group Inc now owns 9,807,709 shares of the industrial products company’s stock valued at $1,062,666,000 after purchasing an additional 44,059 shares during the last quarter. ETF Managers Group LLC lifted its position in Avery Dennison by 18.1% during the fourth quarter. ETF Managers Group LLC now owns 1,249 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 191 shares during the last quarter. BB&T Securities LLC lifted its position in Avery Dennison by 3.1% during the fourth quarter. BB&T Securities LLC now owns 6,559 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 198 shares during the last quarter. Global Financial Private Capital LLC lifted its holdings in shares of Avery Dennison by 6.8% in the 4th quarter. Global Financial Private Capital LLC now owns 4,578 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 292 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Avery Dennison by 6.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,120 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2019/06/12/insider-selling-avery-dennison-corp-nyseavy-vp-sells-2725-shares-of-stock.html.
About Avery Dennison
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.
Featured Story: Investing in Blue-Chip Stocks
Receive News & Ratings for Avery Dennison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison and related companies with MarketBeat.com's FREE daily email newsletter.